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Bloomberg Coffee trading is slowing in Vietnam, the top robusta producer, on expectations that a larger harvest and changes to the London futures contract next year will give buyers bigger discounts. Roasters and traders are delaying purchases on bets that a bigger crop currently being gathered will push prices lower, according to traders attending the Asia International Coffee Conference in ...

Bloomberg Global A&T Electronics, a Singapore-based chip assembler that took on hefty debt a decade ago through a buyout by TPG Capital and Affinity Equity Partners, filed for bankruptcy as a 2013 debt exchange came back to haunt it. The chip-assembler listed debt of more than $1 billion and assets of over $500 million in Chapter 11 papers filed in ...

Bloomberg China is planning to tell local governments to stop offering subsidies for electric cars and other new-energy vehicles, people familiar with the matter said, a move that could undermine demand for autos made by companies including BYD Co. and BAIC Motor Corp. The Ministry of Finance is working on a plan that would mandate authorities to phase out the ...

Bloomberg UK Prime Minister Theresa May will set out her plan for how a proposed Brexit transition period will work, stoking a potential new row with the European Union as she tries to keep different factions inside the Conservative Party on her side. May was expected to address Parliament around 3.30 pm London time on Monday, saying that after March ...

Bloomberg Prime London property has had a tough year, but there are signs that the slump is easing. The capital’s three most expensive boroughs—the City of Westminster, Camden, and Kensington and Chelsea—each saw sales jump by more than 20 percent in the third quarter from the same period in 2016, according to a report from LSL Acadata. The year-earlier period ...

Bloomberg Oracle Corp. agreed to buy Aconex Ltd., an Australian company that makes cloud-based collaboration software for construction projects, for $1.19 billion cash as it pushes deeper in to new markets to gain more customers. The deal values Aconex at A $7.80 per share. Aconex shares surged 44 percent to A$7.63 at 11:09 am in Sydney trading. Oracle has been ...

Bloomberg China’s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market. Huawei Technologies Co. and Xiaomi Corp. are in talks with US wireless operators about selling flagship smartphones to American consumers as soon as next year, according to people familiar with the matter. The handset makers are ...

Last June, the center-left government in Sweden proposed cutting the country’s top corporate tax rate, already a below-the-international-average 22 percent, to 20 percent. The rate cut would be offset by a set of limitations on the deductibility of interest, so overall the Swedish government — currently running a fiscal surplus of more than 1 percent of gross domestic product — ...

At the eleventh hour, KKR & Co. has clinched what is likely to be Europe’s biggest leveraged buyout of 2017. The US private equity firm’s 6.8 billon-euro ($8 billion) agreement to buy Unilever NV’s spreads business will need some full-fat ingredients to generate a decent return. The Anglo-Dutch consumer giant put the business on the block in April after Kraft ...

For Wells Fargo & Co., is the worst over? The scandal-plagued bank’s recent stock revival suggests yes, maybe it is. But even if there are more revelations to come, there’s a good chance that the shares may hang onto its gains. While it continues to lag rivals and the benchmark US bank index since last year’s presidential election, the San ...